Which of the Following Is a Demographic Factor That Should

question 59

Multiple Choice

Which of the following is a demographic factor that should be considered in the initial selection of a target market?

• A)The number of potential buyers
• B)The perishability of the product
• C)Customers' needs for prestige and status
• D)Customers' reactions to odd pricing

Gain insight into how budgets are used for planning, control, and decision-making purposes.

Analyze and interpret financial data from operations to assess a company's performance.

Understand the various techniques management may employ to manipulate a company's reported performance.

Comprehend how the choice of accounting methods can affect a firm's Price-to-Earnings (P/E) ratio.

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Definitions:

Ratification

The act of approving or sanctioning an agreement or treaty that makes it officially valid.

Unauthorized Act

An action taken by an individual or entity without permission or authority, potentially leading to legal consequences or invalidation of the act.

Principal

In finance, this term refers to the original sum of money borrowed in a loan, or the amount of the investment itself, excluding any interest or profit.

Agent

A person or entity authorized to act on behalf of another person or entity in contractual or legal matters.